Vaughan, Patrick J.; Fincher, Dona Esposito
January 1994
Journal of Financial Planning;Jan1994, Vol. 7 Issue 1, p32
Academic Journal
The Internal Revenue Service has dropped its objection to intrafamily valuation discounts. This article examines discounts for lack of marketability and lack of control, and the importance of appraisals in substantiating those discounts. The authors provide several examples of how planners can capitalize on the definition of fair market valve by fractionalizing family real estate and business holdings.


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